Category Archive: Finance, No picture
The Commodities Feed: USD Supports The Complex
Image Source: UnsplashEnergy – USD pushes oil higherThe oil market managed further gains yesterday. ICE Brent settled 2.12% higher on the day. Growing expectations that we will see some action taken by OPEC+ at their upcoming meeting this weekend are providing support. Speculators will not want to go into this weekend with sizeable short positions. Given […]
Current Analysis: Niterra
Image Source: UnsplashNiterra Co Ltd (NGKSY) is a producer of spark plugs for internal combustion engines in the automotive industry as well as various ceramic products and tools for technology and medical uses.Under its two brands NGK Spark Plugs and NTK Technical Ceramics, the company produces spark plugs, glow plugs, sensors, semiconductor packages, cutting tools, medical […]
Bond Breakout Lifts Stocks On Shortened Week
Image Source: Unsplash Strong auction for 20-year U.S. Treasuries helps lift stocks to new intraday highs ahead of the Thanksgiving holiday. With NVDA set to announce earnings tomorrow AMC, the bears have a little more hope for a reversal before volumes dissipate. NVDA, PLTR, MARA, SOFI, CCJ, URNM, AI, NKLA.Video Length: 00:16:04More By This Author:Is A […]
Hey ChatGPT, What’s A Soap Opera?
Today I am breaking one of my cardinal rules: I asked ChatGPT for the answer to a routine question. Given the soap opera-like circumstances surrounding OpenAI and Microsoft (MSFT) that emerged on Friday afternoon and continued through this morning, I thought the following query was appropriate: “ChatGPT soap opera.”Here’s what I got when I asked […]
Softs Report – Monday, Nov. 20
COTTON General Comments: Cotton closed a little higher last week as ideas of good demand continue. The US Dollar has been weaker and economic data has been positive. The weekly export sales report was strong. The monthly USDA reports were mostly ignored as market factors. USDA increased yields and production to 13.090 million bales. Ending […]
Radical Markets Continue. The Corn & Ethanol Report
We kicked off the week with CB Leading Index MoM at 9:00 A.M., Export Inspections at 10:00 A.M. 3-Month & 6-Month Bill Auction at 10:30 A.M., 20-Year Bond Auction at 12:00 P.M., Milk Production at 2;00 P.M., and Crop Progress at 3:00 P.M.Photo by Waldemar on Unsplash On the Corn front, the futures are mixed as we start […]
Bitcoin: Multiple Time Frame Price Analysis (Technical Analysis)
Image Source: Unsplash If the past trends repeat, Bitcoin is poised for a large move that could last through most of 2025.Bitcoin (BTC) is months away from the next halving which is expected to be around April 17, 2024. The halving events have historically resulted in strong price appreciation for Bitcoin and altcoins. While there is no guarantee that […]
Trading Crude Oil Prices Surge Above $81
Image Source: Unsplash Navigating Trading Crude Oil Market Dynamics and the Impact on Gulf Economies In a dynamic week for global oil markets, the crude prices have surged above $81 a barrel. Such a rise has triggered a cascade of responses across various financial landscapes. Partially, a rebound from a four-month low and US sanctions on […]
After November’s Rally, SPX Is Only 2% Below Its 2023 Intraday High
Image Source: Unsplash SPX is well-positioned to continue its November rally and reclaim its 2023 heights amid improving macro circumstances.The S&P 500 has rallied nearly 10% in November as improving macroeconomic conditions significantly boosted the market sentiment. At its current level, the index is about 2% short of its 2023 intraday high, and about 6.7% apart from its […]
Elliott Wave Technical Analysis: Microsoft Corp. – Monday, Nov. 20
Image Source: Unsplash Microsoft Corp., Elliott Wave Technical AnalysisMicrosoft Corp (Nasdaq: MSFT): 4h Chart, 20 November 2023MSFT Stock Market Analysis: We have been anticipating the up move into wave {iii} and we are now starting to look for a potential target. As we seem to be near completion of wave {iii}, 1.618 {iii} vs. {i} stands […]
